X-Message-Number: 447
From att!compuserve.com!73310.3023 Fri Sep 13 01:18:03 EDT 1991
From: "John S. Gilliam, M.D." <>
Subject: CRYONICS and Insurance

Hello to the group:
 I'm new here and this is my first time to query all of you as a group.  At
first I'm sure I'll be asking many questions, but I also hope to be able to
contribute.  I'm not so much concerned with superhuman AI, uploading, and
new life forms as I am practical matters at this point, such as how to buy
insurance for the kids.  I am at the stage of trying to choose a group to go
with (this should draw some comments) and I've talked with both ACS (which
would use TransTime) and ALCOR.  I have been looking at materials from ACS
for the last 4 months or so and I should be receiving the info from ALCOR
any day now.  I plan to make a trip to California before making the final
decision.  My background is not in research.  I'm a clinician currently
practicing Trauma Emergency Medicine.
 Now to my question.  Buying term life for myself and my wife is easy.
We'll probably eventually convert to whole life, or as the estate gets
bigger just drop the life insurance when it's no longer needed to cover
suspension costs.  The trick is the kids.  My Mass Mutual agent tells me
that you can't buy term life for small children.  I priced their whole life
policies for children and they are expensive for the $120,000 needed for
whole body storage.  I have small whole life policies on each right now.
That's costing about $75 per month.  That provides about $32,000 in current
death benefit for each child.  To get the death benefit up to $120K per
child will run me another $250 per month for the three of them. This seems a
little high to me. I'm sure their whole life is a good product, but it may
not be exactly what I need. What I need now is maximized death benefit for
the children which is usually not the emphasis on a whole life policy for
children.  Any ideas?
 Thanks to everyone, John Gilliam, M.D.

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